I would rather they cancelled the issue... They have enough cash to get bulk sampling going and self fund...
I can't see the long term VALUE of raising another 8 million dollars but increasing outstanding shares to 3.6 billion
The amount of shares on issue directly effects how many multi bags you can get out of the investment and a tiny tick in the share price will catapult the market cap
Happy to have someone convince me why this is a good thing...
Ann: Shortfall Announcement-NTL.NZ, page-13
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Change
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Mkt cap ! $8.830M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000000 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 3103980 | 4 |
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